On Sep. 8, 2016, you will need to roll over your CME equity index futures contracts (including the E-mini S&P) to the next contract period, December 2016. In NinjaTrader, this period is listed as ES 12-16. The next roll date after this is December 8, 2016, at which time, the March 2017 contract will be the new contract.
Click here to see the CME page with an explanation and future dates
Click here to see the official rollover instructions from NinjaTrader
Note: if you’re encountering issues getting live data after rolling over, go to this link, select your NinjaTrader version, and follow the nine or so steps to correct the contract date.
Here is how to roll over:
1. Go to NinjaTrader’s Control Center > Tools > Instrument Manager.
2. In the name box (top center of the Instrument Manager), type in the abbreviation for the market you want to roll over, e.g. ES. Click Search.
3. In the result box, click the correct market and the row will highlight. If you are rolling over on the roll date or after, notice below how NinjaTrader knows to set the Expiry date to the correct value (09-16 in this case). Click the left black triangle / arrow button so that the new ES contract is added to the list on the left. Then click OK. Optionally, you can click the old contract and click the right arrow/triangle button to remove it from the list.
From this point forward, you can open a new chart for the new contract period or switch over your current chart by using the drop-down list in the upper left corner of the chart.
Learn the rules of the Trade Scalper system
Spoiler alert – the outcome of this video is not a winning trade. Watch to see how John Paul makes the best out of the situation.
To begin with, notice how there’s a Dbl Wick Short signal on the E-mini chart. This standards for Double Wick, and it’s entirely based on wicks / price action; not moving averages, MACDs, etc. With the Trade Scalper, you’re often going for a three-tick target with a six-tick stop. It’s scalping, so the goal is smaller. Like our other trading methods, the ATR is used to assess conditions. Slower markets mean smaller profits. The inverse is also true. Correct price action trading is always relative to current market conditions. The video speeds up and you can see price try to move toward the target, but ultimately failing during the allotted time. It’s never good to stay too long in the market, certainly when scalping. Remember that one of the stop loss rules is based on time. This trade is taking too long, and therefore has met the conditions for that rule to apply. To get out at the trade at breakeven (excluding broker fees), the profit target is moved to the entry value, 2181.00. Remember, it’s not possible to get out of every losing trade this way. This is just an example of a time-based stop working as intended.
A new Group Private Mentorship class begins Sep. 29, 2016. Eight weeks of live training with John Paul will teach you everything you need to know to successfully trade futures and currencies. All courses and software are included with full, non-expiring licenses. This new session has classes twice each week.
We expect this new session to fill up quickly. It’s a good idea to reserve your seat as soon as possible.
Click here to submit your $500 deposit. This deposit secures your seat and provides you with the first week’s materials ahead of time. You’ll be able to receive the ATO course and software for NinjaTrader right away!
• Live coaching with Day Trade to Win founder John Paul
• Atlas Line® software
• Roadmap method
• Blueprint method (as taught in Power Price Action)
• X-5 method (as taught in the Floor Trader Secrets Manual)
• At the Open (ATO) Course
• Trade Scalper Course
• Price Action Scalping Course
• ABC Pattern
• How to Filter Trades
• How to Trade the News
• How to Set Up Your Charts
• How Manipulation Works
…plus much more!
Get the Trade Scalper signals on your chart
Let’s take a look at a E-mini S&P Trade Scalper trade from Aug. 26, 2016. The Trade Scalper software produced a short signal at 2181.75. This is the exact limit order price John Paul wants to get. Typically, with market orders, you’ll lose a tick due to slippage. As with any trade, getting filled sooner rather than later, is preferred. The longer the wait, the greater the risk. Especially in scalping, you want “instant in, instant out” if possible. Scalping can be done all day long in different markets, but the conditions have to be suitable. Avoid news events, as they produce market volatility. Also, avoid the first 10 minutes of the session open and the final 20 minutes of the day. During these times, buyers and sellers are battling it out, and individual traders like yourself can get into trouble. In this trade, the profit target is about two ticks. If the profit target was not reached, you would follow the rules to exit at small profit, break even, or loss. Markets love to test where they’ve previously been, and this trade is an example of that.
Get the Atlas Line signals on your chart
Here’s a quick three-minute video of Atlas Line trades for today, August 26, 2016. First, there was a nice short trade signal produce at 9:55 a.m. EDT. The signal appeared at the close of the candle, at 2178.25. The market is neither overbought nor oversold. In fact, the signal coincides with the Roadmap and a couple of other strategies. Later in the day, an Atlas Line Pullback trade occurred, signified by the multiple P symbols that appear above the candles. With Pullback, Strength, and trades used by other strategies, it’s best to make profit as quickly as possible. Behind the 5-min Atlas Line chart, there’s a 1-min chart using the Trade Scalper. Notice how price is touching the profit target. Price needs to pass through the target to ensure a fill. Within a few seconds, John Paul makes three ticks of profit.
Learn the ATO strategy and many more price action methods by taking part in the next Group Mentorship. Group Mentorship begins Sep. 7, 2016. All courses and software are included. Click here to secure your seat. With your deposit, we will send you the ATO course and software, so you can get started right away.
We’ve had some slow activity in the markets lately. If conditions are too slow, it’s difficult to find trades. On daily charts, you will often see cycles consisting of groups of candles in tight ranges followed by sharp break outs. In this webinar, John Paul covers how to handle this behavior. If recent days have been slow, assume more of the same. If the market begins to stall, then a change in direction may soon occur. You can get a better picture of daily activity by switching to a daily or monthly chart. If a day has a large range range, there’s a chance the following day will trend.
What about intraday? At about 7:50 into the Part 1 video, John Paul explains the concept behind the ATO (At the Open Strategy). When a market first opens, there is often a push in one direction (up or down). Being able to recognize the direction and using it to take profit is the basis of the ATO. If you take the European or Australian market open and match up the times in the E-mini, you can often see the market pushing in one direction at these times as well. After the direction is determined, is there a way to get a better entry price? Markets love to test where they’ve already been. Wait for the retest to occur. Even though the ATO will plot signals in the afternoon, only consider trades in the first 2.5 hours. If no signals generate by noon, then there were simply no trades for the beginning push of the day.
At about 28 min. into the first part, you can see two ATO trades that at first look, would have not worked out. Sometimes, you can get a signal, but no fill. This means the market is too strong to the upside or downside. This setup here is called Chase the Trade – it’s an additional long or short available if the original fill does not occur. Chase the Trade trades are placed as stop with limit orders (middle mouse button). Then it’s a matter of waiting until price hopefully goes in your favor.
In Part 2, John Paul discusses using the ATO on the Euro (6E), front-running trades, MIT orders, scalping, and more.
Did you miss today’s webinar? Here’s your chance to watch the recording. The recording consists of two parts.
Covered in the webinar:
• ABC Strategy – how it works and where to enter
• ATR (Average True Range) – gauging risk, stops, and profits
• Atlas Line – accurate entry signals on a 5-min chart
• Trade Scalper – quick trades on a 1-min chart
• News events – what to look for and how to trade them
• Phantom orders – are the markets tricking you on purpose?
…and much more!
Learn all of John Paul’s strategies by enrolling in the next Group Mentorship class. The next class begins Sep. 6, 2016. Click here to submit your deposit. After submitting your deposit, we will email you the first week’s materials, so you can get started right away.
John Paul spots a Roadmap opportunity on the E-mini S&P on August 12, 2016. Most indicators would be telling you to go short. It looks like a downward trend, why not? However, you would be mistaken. The Roadmap (provided with Mentorship) is telling you the opposite – go long.
The markets are manipulated. Unless you know where to find the manipulation, the markets can trick you into following trends that aren’t truly there.
What does the Roadmap do? It can help you spot manipulation and find exact trades (entry points) to take. It also filters other strategies. In the video, watch how the market reverses to the long side, as predicted by John Paul.
How can you get the Roadmap? Join the next Individual or Group Mentorship Program. The next class begins September 6, 2016. Classes will be Tuesdays and Wednesdays from 4 p.m. to 5 p.m. US/Eastern (New York Time). Click here to submit your deposit and reserve your seat. With your deposit, you will receive the first week’s course and software (ATO strategy), so you can study and practice in advance.
Join our next Group Mentorship class:
Click here to submit your deposit and reserve your seat.
Seating is first come, first-served
In this video, John Paul demonstrates how the Mentorship Program provides a plan for tackling the markets every day. Without a plan, it’s almost impossible to get ahead. He’s demonstrating using the E-mini S&P 500 and the September 2016 contract.
Before risking money in the markets, you have to consider the following:
- Is the market over-bought or over-sold?
- Is there a Roadmap trade?
- Is there an Atlas Line trade?
- Is there a Blueprint trade?
- Is there an At the Open trade?
- Are there any news events?
- Any X-5 trades?
…and so on. These strategies, and the others that are taught in Mentorship, work together to filter and validate trades. In the video’s example, you’ll see how an Atlas Line long trade works. As the market continues higher, a Roadmap area indicates caution ahead. This sensitive area is where the market will likely encounter manipulation and greater unpredictability. Sure enough, the market stalled out in the Roadmap, then reversed. If you knew in advance this was a problem area, you would have stayed out and possibly prevented loss. The market continues bearishly, reaching a period of Yo-Yo Bars. It would have been tempting to guess the chop was over and jump in without a plan. Instead, you should have a reason for placing a trade. The Atlas Line provides this reason, in the form of a short signal. This short is confirmed by a Blueprint trade. In this scenario, there are to strategies telling John Paul to go short.
Remember that the Mentorship Program teaches you many different price action strategies and how to use them together as one cohesive trading plan. In John Paul’s recap, you’ll see seven types of trades for this one day. You do not have to take them all, but there are plenty of opportunities. Don’t trade more – trade correctly!
Alternatively, you can enroll in a one-on-one class (Individual Mentorship), where you can talk with John Paul over Skype and customize the training to meet your schedule.
Let’s make reading charts easier by understanding what Yo-Yo Bars are and how they work. Firstly, the candles (or bars) on a chart can give clues as to how the marketing is feeling and what to anticipate in the near future. A specific grouping of bars can be an even greater indicator of what to expect. By being able to read a chart, you’ll be ahead of many traders.
Much of candlestick terminology is based on the Japanese language. Luckily, John Paul’s basic approach to candlestick interpretation is simple. Knowing a specific pattern is enough.
You’ve probably come across these candlestick terms: shooting star, doji, evening star, hammer, hanging man, harami, etc. Here’s a picture of the different types of candles that can appear on a chart:
Instead of memorizing each term and formation, focus on the following concepts. Remember that Yo-Yo Bars and Yo-Yo Candles mean the same thing.
Understanding Yo-Yo Bars
1. Markets can trend in either direction. They can also chop back and forth with no overall direction. Some days can exhibit both types of activity.
2. It’s better to focus on markets that trend. Trending markets have a more consistent direction.
3. Be on the lookout for periods where trending markets “rest.”
4. When a trending market rests, this is a Yo-Yo period. To clarify, a trending market will slow down and take a break. During this period, the buyers counteract the sellers, and vice-versa.
5. Yo-Yo-Bars appear in groups because they signify periods of resting activity. Price has stalled and has failed to move further.
6. Focus on a cluster of Yo-Yo Bars to catch the next move.
7. A single Yo-Yo Bar is inadequate – you will need multiple bars.
Click the image to see it larger
8. Look for Yo-Yo Bars on all times frames – 5-min, hourly, daily, etc.
9. Look for Yo-Yo bars on futures, currencies, and stocks; not just the E-mini S&P.
10. Charts with shorter time frames will produce groups of Yo-Yo Bars faster than longer time frame charts. A 1-min chart will require smaller profit targets and stops.
Overcomplicating charts with many indicators will only cause confusion. Price action is a much clearer way to gain and idea of what to expect. Less is more!
Hopefully, you will now be able to find Yo-Yo Bars. The next step is to understand exactly how to use them for entries. The upcoming Mentorship Program will teach you just that.